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Task Force Points Out Gaps in Panama Money Laundering Laws

Panama has long played a central role in money laundering in Latin America.

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A new report demonstrates that although Panamanian authorities have made progress in combating money laundering, the country’s laws continue to make it an attractive destination to conceal revenue from illegal activities.

The report is based on the results of an investigation conducted by the Latin America Financial Action Task Force (Grupo de Acción Financiera de Latinoamérica